Marcus & Millichap closed the sale of a 4,556-square-foot retail property tenanted by Starbucks and T-Mobile in Stevensville, Michigan. The property sold for $2.03 million.
John Nuzman, investment specialist in Marcus & Millichap’s Detroit office, had the exclusive listing to market the property on behalf of the seller, TDM Partners, LLC. Chris Prins of DAR Commercial Real Estate represented a local buyer in Michigan.
Located at 4678 Red Arrow Highway, the building hosts two triple-net lease tenants: Starbucks, with seven years remaining on its lease, and T-Mobile, with four years remaining. Built in 2021, the property sits on a 1.1-acre parcel at the Interstate 94 and Red Arrow Highway interchange. Nearby national retailers include Meijer, Burger King and McDonald’s.
